News
India
All customs and DGFT processes will go online soon, informs Union Commerce Secretary

NITN 24 Jun 2017, 11:29 am

All customs and DGFT processes will go online soon, informs   Union Commerce Secretary
Kolkata, June 21 (NITN): All customs and DGFT processes will go online soon, informed Rita A. Teotia, Union Commerce Secretary at an interactive session on the Mid-Term Review of foreign trade policy, here on Wednesday.

The mid-term review aims to make the foreign trade policy relevant in the era of Goods and Services Tax, she further stated. The mid-term review of the Foreign Trade Policy for the period 2015-2020 will be notified on June 30, 2017 just when GST will be launched.

In course of addressing the queries and difficulties in import-export which were raised by the traders, Teotia remarked, foreign trade policy schemes are revised from time to time to address the needs of the business community.

“A seamless IT background will resolve most of the issues,” she said.

The Commerce Secretary also stated that issues involving other ministries and departments of the Government will be duly taken up with them by the Commerce Ministry.

About GST, Teotia said, it is a well-needed reform that will bring an end to the dysfunctional and complex taxation system. But any historical transition faces problems and for that, Government is providing support by extending the time for filing returns by two months and will not be harsh in enforcement of the new tax regime for a certain period of time, she further stated.

The Director-General of Foreign Trade A K Bhalla also participated in the interactive session and addressed various queries raised by the trading community.

IndiGo connects Bengaluru t ...

Indian airline IndiGo has announced the launch of daily direct flights connecting Bengaluru, Karnataka with Ayodhya, Uttar Pradesh, effective from December 31, 2024.

Jazeera Airways offers 50% ...

Jazeera Airways, Kuwait’s leading low-cost carrier, is offering 50% off on fares to all destinations across its network from July 28 to 31.

Air India Express launches ...

New Delhi : Air India Express, a subsidiary of Air India and a part of the Tata group, has launched its "Time to Travel" sale on the airline’s website, airindiaexpress.com, the Air India Express mobile app and other major booking channels.